Avanseus to go public via merger with Fat Projects Acquisition in a $136m deal.

Avanseus, a technology and software innovator, agreed to go public via merger with Fat Projects Acquisition, a special purpose acquisition company, in a $136m deal. "As a first mover in the domain of predictive operations and maintenance powered through artificial intelligence, machine learning and cognitive computing, we have developed a software platform centered around Avanseus' patented, proprietary machine learning algorithms that are delivering high quality event predictions. Combined with our strong operationalization capabilities, we are supporting our customers in transitioning from reactive to AI-based predictive operations, resulting in tangible business benefits ranging from improved service levels, avoiding network downtime, to reduced cost of operations and higher reliability of their technology infrastructure," Bhargab Mitra, Avanseus CEO.